Enphase Energy Balance Sheet Health
Financial Health criteria checks 6/6
Enphase Energy has a total shareholder equity of $922.7M and total debt of $1.3B, which brings its debt-to-equity ratio to 140.4%. Its total assets and total liabilities are $3.2B and $2.3B respectively. Enphase Energy's EBIT is $265.9M making its interest coverage ratio -3.9. It has cash and short-term investments of $1.6B.
Key information
140.4%
Debt to equity ratio
US$1.30b
Debt
Interest coverage ratio | -3.9x |
Cash | US$1.63b |
Equity | US$922.72m |
Total liabilities | US$2.31b |
Total assets | US$3.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: E0P's short term assets ($2.3B) exceed its short term liabilities ($554.1M).
Long Term Liabilities: E0P's short term assets ($2.3B) exceed its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: E0P has more cash than its total debt.
Reducing Debt: E0P's debt to equity ratio has reduced from 484.2% to 140.4% over the past 5 years.
Debt Coverage: E0P's debt is well covered by operating cash flow (38.6%).
Interest Coverage: E0P earns more interest than it pays, so coverage of interest payments is not a concern.